A joint account
One account for shared costs, or for everything.
- Good: everything is in one place and easy to see.
- Good: no need to move money back and forth.
- Harder: less privacy, and you need to agree on most spending.
Separate accounts
Each keeps their own bank and pays their share of the costs.
- Good: independence and privacy.
- Good: no change to what you already have.
- Harder: it is easy to lose track of the shared picture.
A mix, and how to see it as one
Many couples keep their own accounts and add a small shared account for rent and bills. Whatever you choose, you still need to see one household plan.
With Wollie you can keep separate banks and still see everything together, so the choice of accounts does not decide how well you plan.
Questions
Should married couples have a joint account?
There is no rule. Some married couples have one, some keep separate accounts, and many use both. Choose what you are both comfortable with.
Can we plan together with separate accounts?
Yes. Wollie combines each partner's own accounts into one household view.
This guide is general information, not financial advice.